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MTAR Technologies has secured a Rs 310 crore order from Megha Engineering & Infrastructures for equipment supply to Kaiga 5 and 6 nuclear reactors in Karnataka. This adds to previous orders, bringing total Kaiga reactor orders to Rs 504 crore, with deliveries scheduled in phases up to February 2030
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V. Srinivas Goud has been elected president of the Bharath Trade Union at MTAR Technologies, defeating BJP MP Raghunandan Rao. Goud credited the union’s efforts for securing permanent jobs for contract workers, improving pay, and enhancing facilities. The win marks a significant milestone for BRTU’s presence in the aerospace manufacturing sector.
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Hyderabad: Hyderabad-based MTAR Technologies said its Board has approved the acquisition of shares of Gee Pee Aerospace and Defence (GPAD) for Rs 8.82 crore. The management is currently in discussion with the shareholders of Hyderabad-based GPAD on terms and conditions. This acquisition is expected to provide benefits under MSME category including the increased potential of […]
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The company’s revenue from operations stood at Rs 78.1 crore as against Rs 55.2 crore in Q3FY21, growing 41.4 per cent year-on-year.
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Hyderabad: Hyderabad-based precision engineering company MTAR Technologies is looking at setting up a Special Economic Zone (SEZ) with an export oriented unit at Adibatla, Hyderabad. This project will see an investment of about Rs 150-200 crore. MTAR currently has seven strategically based manufacturing units including an export-oriented unit based in Hyderabad. The company has […]
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Hyderabad: Hyderabad-based MTAR Technologies, a precision engineering solutions company that makes mission critical precision components for multiple sectors, is strengthening its presence in clean energy, and is planning to expand its overall headcount from over 1,500 currently to about 2,500 in the next 1-2 years, in its efforts to become an integrated systems company. […]
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Hyderabad: MTAR Technologies, a Hyderabad-based precision engineering solutions company has been conferred the National Level Champion Award from Society of Indian Defence Manufacturers (SIDM) under Import substitution for mission critical parts/systems/subsystems medium category for ball screws by Union Defence Minister Rajnath Singh at New Delhi on Tuesday. Ball Screws are highly complex import substitutes that […]
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Hyderabad: Hyderabad-based precision engineering company MTAR Technologies has received an export order for $29.82 million (about Rs 220 crores) from Bloom Energy, USA. This order is for export of Yuma Hot Boxes and associated components for Bloom Energy to be delivered over the four quarters of the calendar year 2022. MTAR said, this is the […]
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The company that caters to nuclear, space, defence and clean energy sectors registered revenue from operations at Rs 54 crore as against Rs 48.7 crore in Q1FY21
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For the fourth quarter ended March 31, 2021, the company reported a net profit of Rs 18 crore, registering a 103 per cent jump over Rs 8.9 crore.
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The price band for the offer has been decided at Rs 574 - Rs 575 per equity share.
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Plans to expand manufacturing capabilities and capacities across verticals.
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According to the DRHP filed, the IPO is a fresh issuance of up to 40,00,000 shares and an offer for sale of up to 82,24,270 shares from promoter and investor selling shareholders aggregating up to 12,224,270 equity shares of face value of Rs 10 each.
